Improve Production By Effectively Analyzing Data – Interview With Christina Bernet, Bonanza Creek Energy.
Production teams across the Permian Basin are on the lookout for practical solutions, best practices and strategies for overcoming critical challenges and bottlenecks that face them on a regular basis as they battle with day-to-day challenges such as equipment breakdowns, high failure rates, liquid loading, sand interference, downhole corrosion, paraffin and H2S onsite.
In response to this, the annual Cost-Effective Artificial Lift Strategies Permian Basin 2020 taking place in February in Houston brings together leading Permian operators in addition to the latest technology and service providers, to assess the most cost effective and reliable artificial lift designs and technologies.
In the run up to the event, we spoke to Christina Bernet a member of the speaker faculty, to find out about her focus as Senior Reservoir Development Engineer at Bonanza Creek Energy and how her expertise can help other operators in the region.
“Christina, thank you for joining us to be part of the speaker faculty at the 7th Annual Cost-Effective Artificial Lift Strategies Permian Basin conference in 2020 and for taking the time to answer some questions in relation to artificial lift and production optimization.”
Q: Over the past few years, there has been a key focus on using automation to optimize production across the field. Operators across North America want to implement digital technologies to increase drawdown rates and minimize failures. What are your thoughts on automation and its associated benefits, specifically at Bonanza Creek Energy?
CB: Automation and associated data collection are the foundational elements for analytics. It is critical to determine business needs and align these needs with proper automation, to ensure data is being accurately collected at the necessary frequency to provide organizational value. It is equally important to utilize this data to an organization’s benefit. Specifically at Bonanza Creek Energy, I have found that we collect large amounts of data but only utilize a fraction of it. When we are able to combine the large amounts of production data we have available with the power of analytics we are able to truly unlock well potential and rapidly generate organizational value.
Q: In 2019, operators are understanding the importance of predictive failure analysis to proactively rig up and minimize downtime. How do you think predictive analytics can help operators be better prepared to predict failures and minimize costs associated with downtime?
CB: We can optimize metrics we can predict. If we are able to accurately predict artificial lift failures and prescribe preventative actions to prevent these failures from occurring, we can add tangible organizational cost savings by minimizing production losses due to downtime and eliminating unnecessary workover costs.
Q: Digital technologies are an integral part of our day to day life now, across several industries. How do you think utilizing future technologies such as artificial intelligence and internet of things are going to help operators optimize production going forward?
CB: As an industry, we make constant changes to our development strategies without wholly realizing the impact of these changes. We change completion designs and artificial lift strategies on a regular basis and do not have the luxury of time to fully evaluate these impacts. This is why I believe machine learning and AI are so important – they allow us to see the impact of these changes. We have to have a baseline at which to value everything against so we are able to measure success. These analytical tools directly contribute to company value because they allow us to see the impact of our decisions and allowing us to see the impact is vital to our ability to make intelligent decisions in the future.
Q: As production numbers and number of wells being drilled increase, operators are trying to maximize efficiency across the life of a well. What do you anticipate will be the biggest challenge for you and your team in the next 12 months?
CB: The constant flux of price environment drives the industry to do more with less. We also often find ourselves operating in an environment with competing objectives. The biggest challenge for our team will be prioritizing these competing objectives so we are able to do more with less. This is why we are working so diligently to harness the power of analytics in our daily workflows. It will allow us to work smarter so we are able to maximize efficiency across our asset base.
Q: What are you looking forward to hearing about at the event?
CB: I’m excited to learn how other companies are leveraging innovative technologies to add value to their business. I am also interested to learn how companies are utilizing machine learning and artificial intelligence to enable them to do more with less.
Q: Finally, why, in your opinion, should the industry be seen at the 2020 conference?
CB: All wells are on artificial lift for a majority of their life. It’s important to understand how to effectively and innovatively optimize artificial lift to improve production field economics for the full life cycle of a field.”
Thank you for your time, Christina, and we hope you benefit from the conference as well.
7th Annual Cost-Effective Artificial Lift Strategies Permian Basin 2020 takes place on February 25-26 at the Westin Houston, Memorial City Hotel. For full information please see the conference website: http://www.permian-artificial-lift-production-optimization.com. Permian Basin Oil & Gas Magazine readers may claim a 15% discount at the time of registering using registration code PBOG15.
**This article is a sponsored post from American Business Conferences. If you are interested in a sponsored post for your company, please email info@pbog.com**